Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%
Price spread now: Backpack against Binance+0.030%7-day average +0.440% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Long on BinanceShort on Backpack
What this pair did over the last
the charts below follow
Funding, last 7 days−0.059%−$6 on $10k
Price spread, last 7 days−0.554%−$55 · spread now +0.030%, 7d avg +0.440%
Together, before fees−0.613%−$61 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.410% cheaper against Binance than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.440%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZECUSDT1,500.20.0100pay 0.0100% / 8h7h 05m$707.8M$2.28B75x
ShortBackpack ZEC_USDC_PERP1,500.70.0100get 0.0013% / 1h5m 20s$2.4M$3.7M15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.030% → +0.440%
−$40.95
Slippage, 4 orders
−$1.31
Fee Binance: 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$62.26
Costs to cover
0.213%
Break-even
never at this rate
Slippage from Binance: live order book, 9 min ago; Backpack: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 9 min ago0.03 bp5.1 bp −$56.6 bp −$6621.5 bp −$2,147doesn't fit
Sell Backpack live order book, 4 min ago0.03 bp5.6 bp −$613.4 bp −$134doesn't fitdoesn't fit

ZEC on 50 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3702%1h1,491.4−0.590%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,498.5−0.113%$62K$307K10xas long as short
Aftermath Perps ZECUSD−0.0253%1h1,501.1+0.057%$46K$60K10xas long as short
BloFin ZEC-USDT−0.0153%8h1,498.9−0.090%$31.5M$75.6M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,500.8+0.042%$6K$1K10xas long as short
Kalshi KXZECPERP0.0000%8h1,500.6+0.025%$1.5M$5.0M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,499.9−0.023%$5.3M—150xas long as short
Kraken Futures PF_ZECUSD+0.0019%1h1,500.4+0.012%$18.3M$47.4M25xas long as short
01 Exchange ZECUSD+0.0032%1h1,499.7−0.036%$8K$6K5xas long as short
dYdX ZEC-USD+0.0042%1h1,500.4+0.012%$414K$34K5xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ZEC+0.0082%1h1,503+0.185%$4.8M$1.4M10xas long as short
Orderly PERP_ZEC_USDC+0.0083%8h1,500.3+0.006%$303K$860K20xas long as short
Gate ZEC_USDT+0.0083%8h1,500−0.015%$60.4M$189.6M75xas long as short
Lighter ZEC+0.0096%1h1,501.4+0.083%$19.6M$45.9M20xas long as short
Lighter RH ZEC+0.0096%1h1,501.5+0.089%$2.1M$7.7M10xas long as short
Popdex ZECUSDT+0.0096%1h1,499.4−0.051%$177K$1.8M50xas long as short
Paradex ZEC-USD-PERP+0.0099%8h1,500.9+0.045%$62K$16K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,500−0.015%$17K$888K10xas long as short
Nado ZEC-PERP+0.0100%1h1,499.2−0.070%$3.1M$7.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,500.3+0.007%$787.4M$443.9M10xas long as short
Aster ZECUSDT+0.0100%8h1,499.5−0.049%$14.0M$29.4M75xas long as short
Pacifica ZEC+0.0100%1h1,500.8+0.038%$1.7M$2.4M10xas long as short
Binance ZECUSDTlong+0.0100%8h1,500.2long leg$707.8M$2.28B75x
Bybit ZECUSDT+0.0100%8h1,499.9−0.022%$272.9M$607.7M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,500.1−0.007%$185.8M$1.35B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,495.2−0.333%$407K$532K5xas long as short
Arcus ZEC-USD+0.0100%1h1,501.4+0.081%$602K$8.7M10xas long as short
Bulk ZEC-USD+0.0100%1h1,501.6+0.090%$772K$147K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,499.8−0.027%$405.3M$846.7M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,498.9−0.087%$102.7M$55.5M75xas long as short
Bitget ZECUSDT+0.0100%8h1,500.2−0.001%$163.4M$291.3M75xas long as short
BingX ZEC-USDT+0.0100%8h1,499.8−0.029%—$120.1M—as long as short
Backpack ZEC_USDC_PERPshort+0.0100%1h1,500.7+0.030%$2.4M$3.7M15x
Variational Omni ZEC+0.0100%8h1,499.4−0.052%$49.5M$35.5M—as long as short
edgeX ZECUSDC+0.0100%4h1,497.3−0.197%$547K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,500.7+0.036%$3.1M$561K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,498.6−0.107%$411K$954K50xas long as short
StandX ZEC-USD+0.0100%1h1,500.5+0.023%$50K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,498.5−0.113%$372K$1.6M10xas long as short
Bullet ZEC-USD+0.0100%1h1,500.2−0.003%$168K$191K20xas long as short
SunX ZEC-USDT+0.0100%8h1,502.8+0.171%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,500.2−0.002%$257K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,499.8−0.026%$2.7M$20.6M75xas long as short
Phemex ZECUSDT+0.0100%8h1,500.6+0.024%$4.0M$4.8M50xas long as short
Extended ZEC-USD+0.0104%1h1,500.1−0.008%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,500.1−0.004%$43K$157K20xas long as short
RISEx ZEC/USDC+0.0157%1h1,499.9−0.017%$989K$1.2M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0166% / S −0.0165%1h1,500.2+0.002%$341K—100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0249%1h1,501.1+0.059%$687K$1.3M25xas long as short
Coinbase International ZEC-PERP-INTX+0.0368%1h1,501.3+0.075%$3.9M$9.8M50xas long as short